FDIG ETF Delivers 33.98% Return over Three Years
The Fidelity Crypto Industry and Digital Payments ETF outperforms its benchmark by 13.5 percentage points over the last three years.
The Fidelity Crypto Industry and Digital Payments ETF has returned 33.98% on a net asset value basis over the last three years. This figure exceeds the 20.48% return of its benchmark index. The fund has tracked the Fidelity Crypto Industry and Digital Payments Index since its launch. It charges a fee of 39 basis points for this management.
FDIG differs from many newer digital asset products in its structure. It does not hold direct spot cryptocurrency. Instead, it invests in public companies with significant revenue from crypto and digital payments. The fund requires these companies to derive at least 50% of their revenue from these sectors.
Portfolio Weighting Focuses on Coinbase
Coinbase is the largest holding in the FDIG portfolio. This global cryptocurrency platform serves as a key position for the fund. Coinbase shares have risen 11.3% over the last month. This recent gain follows a period of underperformance year to date.
Performance Beats Category Averages
FDIG has outperformed its benchmark over the three-year period. Data from Fidelity Investments confirms this advantage. The fund also beat the ETF Database Technology Equities category average in the last month. This performance demonstrates the fund's strength relative to peers.
Dollar Pressure May Benefit Strategy
Investors are monitoring the US dollar closely. Long-term yields have risen amid growing debt concerns. Pressure on the currency could drive interest in digital assets. FDIG may benefit if crypto receives more attention in this environment.
